Chevron Corporation (NYSE:CVX) Receives $211.35 Average Target Price from Brokerages

Shares of Chevron Corporation (NYSE:CVX) have received an average recommendation of “Moderate Buy” from the twenty-six brokerages that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $211.3478.

Several brokerages have recently commented on CVX. Mizuho set a $224.00 target price on Chevron in a research note on Monday, August 3rd. UBS Group reiterated a “buy” rating on shares of Chevron in a report on Tuesday, June 23rd. Zacks Research cut Chevron from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. TD Cowen boosted their price objective on Chevron from $200.00 to $205.00 and gave the company a “hold” rating in a report on Wednesday, August 5th. Finally, Wells Fargo & Company upped their target price on Chevron from $226.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, September 3rd.

Chevron Stock Up 0.0%

Shares of NYSE CVX opened at $209.58 on Friday. The firm has a market cap of $414.09 billion, a PE ratio of 20.09, a P/E/G ratio of 0.61 and a beta of 0.50. Chevron has a 12-month low of $146.49 and a 12-month high of $217.78. The company’s fifty day simple moving average is $199.40 and its 200 day simple moving average is $191.75. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 EPS for the quarter, topping analysts’ consensus estimates of $5.55 by $0.51. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The business had revenue of $67.20 billion during the quarter, compared to analysts’ expectations of $62.72 billion. During the same period last year, the company posted $1.77 earnings per share. The business’s quarterly revenue was up 57.4% on a year-over-year basis. As a group, sell-side analysts forecast that Chevron will post 16.51 earnings per share for the current fiscal year.

Chevron Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th were paid a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Wednesday, August 19th. Chevron’s payout ratio is 68.26%.

Insider Buying and Selling at Chevron

In other Chevron news, CEO Michael Wirth sold 317,100 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $200.46, for a total transaction of $63,565,866.00. Following the transaction, the chief executive officer owned 26,308 shares in the company, valued at approximately $5,273,701.68. This represents a 92.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider R. Pate sold 2,470 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $205.11, for a total transaction of $506,621.70. Following the completion of the transaction, the insider directly owned 10,794 shares in the company, valued at $2,213,957.34. This trade represents a 18.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 1,152,582 shares of company stock worth $225,853,661. Corporate insiders own 0.56% of the company’s stock.

Hedge Funds Weigh In On Chevron

Hedge funds have recently added to or reduced their stakes in the stock. Security National Bank of Sioux City Iowa IA purchased a new stake in shares of Chevron in the second quarter worth approximately $130,000. Bullseye Investment Management LLC bought a new position in shares of Chevron in the second quarter valued at approximately $255,000. Keystone Financial Planning Inc. boosted its position in shares of Chevron by 228.8% during the second quarter. Keystone Financial Planning Inc. now owns 81,844 shares of the oil and gas company’s stock valued at $13,566,000 after buying an additional 56,954 shares during the last quarter. Rench Wealth Management Inc. boosted its position in shares of Chevron by 0.8% during the second quarter. Rench Wealth Management Inc. now owns 33,778 shares of the oil and gas company’s stock valued at $5,599,000 after buying an additional 252 shares during the last quarter. Finally, Miramontes Capital LLC grew its holdings in Chevron by 3.9% during the second quarter. Miramontes Capital LLC now owns 15,410 shares of the oil and gas company’s stock worth $2,554,000 after buying an additional 581 shares in the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron secured updated agreements in Venezuela and plans to invest more than $7 billion to expand its Orinoco Belt operations. The deal could increase production and reserves, although geopolitical and execution risks remain. Chevron Secures Venezuela Expansion
• Positive Sentiment: Goldman Sachs raised its price target for Chevron, citing production expansion. The upgrade reinforces the view that stronger output can support earnings and shareholder returns. Chevron Stock Gets a Boost in Price Target
• Positive Sentiment: Chevron’s CEO warned that global oil supplies and reserves are shrinking. While the comments highlight industry risks, they also support a potentially bullish long-term case for crude prices and upstream profitability. Chevron CEO Sounds the Alarm on Global Oil Supplies
• Neutral Sentiment: Analysts maintain a consensus “Moderate Buy” rating, but opinions remain mixed. Chevron’s shares have already risen significantly, making further gains increasingly dependent on oil prices and operational execution. Chevron Receives Consensus Moderate Buy Rating
• Negative Sentiment: Chevron recently fell after supply contracts were reported to cover roughly one-fifth of its LNG portfolio. Investors may be concerned that these commitments could limit flexibility or expose the company to weaker future LNG prices. Chevron Falls as Contracts Supply One-Fifth of LNG Portfolio
• Negative Sentiment: Oil futures are reportedly in backwardation, signaling expectations for lower prices ahead as demand destruction and rising non-OPEC supply weigh on the outlook. A crude-price decline would pressure Chevron’s cash flow and earnings. The Fed’s Rate Hike Could Backfire If Oil Prices Collapse

Chevron Company Profile

Chevron Corporation is an integrated energy company engaged in the exploration, production, transportation and sale of crude oil and natural gas. The company also manufactures and markets transportation fuels, lubricants, petrochemicals and additives through operations and brands that include Chevron, Texaco and Caltex.

Chevron’s upstream activities include oil and natural gas exploration and production, while its downstream business includes refining, fuel marketing, transportation and related energy services.